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Students will be able to: Explain what a payday loan is and how it can cause users to fall into a cycle of debt, Identify what financial need payday lenders are meeting and why consumers use payday loans, Compare the price of borrowing money using various loan and credit products, Review alternatives to payday loans, Interact with a game to see the impact and cost of payday loans at high interest rates (and the profit motivation behind these companies) https://shadysam.com/
- Subject:
- Financial Literacy
- Material Type:
- Activity/Lab
- Assessment
- Homework/Assignment
- Author:
- Cindy Lowe
- Date Added:
- 09/03/2024